One of the most important things for a board of directors is to have a good mix of skills, backgrounds, and perspectives. A board that is too homogeneous can make poor decisions, and a board that is too diverse can struggle to come to consensus. A good way to achieve better diversity on boards is through mentoring.
Mentoring can help to improve diversity in several ways. First, it can help to identify talented individuals from diverse backgrounds and connect them with board opportunities. Second, it can help to provide support and guidance to these individuals as they pursue board roles. Third, it can help to create a culture of inclusion in which diversity is celebrated and respected.
Mentoring can also play a critical role in improving diversity on boards. By connecting talented individuals with board opportunities and providing them with support and guidance, mentoring can help to create a more diverse and inclusive boardroom.
There is a growing body of research that demonstrates the importance of diversity on boards for organisational success. A board that is diverse in terms of gender, ethnicity, and experience can provide a broader range of perspectives and insights, leading to better decision-making. However, while there has been progress in terms of increasing the diversity of corporate boards, there is still much work to be done.
A recent study by Heidrick & Struggles found that mentoring can play a key role in increasing the diversity of corporate boards. The study found that mentoring relationships help women and minorities to build the networks and relationships necessary to become board candidates. In addition, mentors can provide advice and guidance on how to navigate the board selection process.
The Heidrick & Struggles study underscores the importance of mentoring for increasing diversity on boards. If you are interested in becoming a board member, consider seeking a mentor to help you navigate the process.